Bulgaria: Economic Upturn Not Sooner Than 2015

People ♦ Published: December 20, 2013; 11:21 ♦ (Vindobona)

As reported by Bulgarian daily Standart, an economist at World Bank pointed out that the country has not yet reached the economic situation of before the start of the financial crisis in 2008.

Bulgaria: Economic Upturn Not Sooner Than 2015 / Picture: © Vindobona.org

Economist Stella Ilieva said that the country will hardly achieve the same economic performance it achieved in 2008 in 2014.

After the country has joined the European Union, economic growth accelerated to 6.2 percent. However, due to the financial crisis the country fell in recession with a negative growth of 5.5 percent in 2009. The years after only showed very modest growth…